Monday, October 25, 2010

Apollo Solar Energy announces postponement of 10GW Ningguo solar power station project

CHENGDU, CHINA: Apollo Solar Energy Inc., a leading vertically integrated miner, refiner and producer of high purity tellurium (Te), tellurium-based compounds and other metals for the solar photovoltaic (PV) industry and specific segments of the electronic materials market, has decided to postpone the previously proposed 10GW Ningguo Solar Power Station Project, including a 2MW Demo Solar Power Station in Ningguo City, due to challenges related to local government support, among other issues.

The company has made this decision in order to focus on its core business and make necessary strategic adjustments to meet the changing solar industry environments in accordance with its long term growth plan.

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